LRAD(R) Corporation Receives $4.0 Million Perimeter/Border Security Order for LRAD 2000X Systems from a Middle Eastern Country

January 28, 2014 09:06 ET | Source:LRAD Corporation

SAN DIEGO, Calif., Jan. 28, 2014 (GLOBE NEWSWIRE) -- LRAD Corporation (NASDAQ: LRAD), the world's leading provider of long range acoustic hailing devices (AHDs), today announced the receipt of a $4.0 million perimeter/border security order for LRAD 2000X systems, spare parts and accessories from a country in the Middle East. Shipments are scheduled to be completed by June 30, 2014.

"This order represents our most significant order to date for the LRAD 2000X, our most powerful hailing device, capable of providing a highly intelligible, directional audio broadcast that can be clearly understood at distances in excess of 3.5 kilometers," noted Tom Brown, President and CEO of LRAD Corporation. "The LRAD 2000X was developed to provide long-range communication capability for perimeter/border protection. In the Middle East and Asia, governments are focused on securing their borders and are looking at sensor systems that are effective from a cost and performance standpoint. The LRAD 2000X is a key component in this configuration, especially when equipped with a high-powered light and camera."

Using proprietary technology and innovative designs, LRAD systems generate highly intelligible voice broadcasts from 300 meters to over 3.5 kilometers, providing public safety personnel with the ability to issue authoritative and readily understandable voice communications and warning tones that safely establish standoff zones, de-escalate tense situations, and save lives on both sides of the Long Range Acoustic Device®. Due to its extended frequency range, LRAD ensures that voice communications in any language are clearly heard and understood over crowd and traffic noise, and inside buildings and vehicles.

About LRAD Corporation

LRAD Corporation is using long range communication to peacefully resolve uncertain situations and save lives on both sides of its proprietary Long Range Acoustic Device®. LRAD® systems are in service in more than 65 countries around the world in diverse applications including fixed and mobile military deployments, maritime security, critical infrastructure and perimeter security, commercial security, border and port security, law enforcement and emergency responder communications, emergency warning and mass notification, asset protection and wildlife preservation and control. For more information about the Company and its LRAD systems, please visit www.lradx.com.

Forward-looking Statements: Except for historical information contained herein, the matters discussed are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on these statements. We base these statements on particular assumptions that we have made in light of our industry experience, the stage of product and market development as well as our perception of historical trends, current market conditions, current economic data, expected future developments and other factors that we believe are appropriate under the circumstances. These statements involve risks and uncertainties that could cause actual results to differ materially from those suggested in the forward-looking statements. These risks and uncertainties are identified and discussed in our filings with the Securities and Exchange Commission. These forward-looking statements are based on information and management's expectations as of the date hereof. Future results may differ materially from our current expectations. For more information regarding other potential risks and uncertainties, see the "Risk Factors" section of the Company's Form 10-K for the fiscal year ended September 30, 2013. LRAD Corporation disclaims any intent or obligation to update those forward-looking statements, except as otherwise specifically stated.

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